http://news.bbc.co.uk/1/hi/business/8337488.stm" onclick="window.open(this.href);return false;
The Dutch mail delivery firm TNT Post has reported its fifth consecutive quarter of declining profits.
Net profit for the three months to the end of September came in at 99m euros ($146m; £89m), which was down 12% from the same period the previous year.
But it said conditions were starting to stabilise, and that the rate of decline in business spending was slowing.
TNT, which has been restructuring its domestic operations, saw its sales fell 7.6% to 2.48bn euros.
"In this quarter the trading environment has stabilised further, with some early signs of positive underlying developments," said chief executive Peter Bakker said in a statement.
TNT is Europe's second biggest mail and delivery company.
It has previously expressed an interest in buying a stake in Britain's Royal Mail.
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
TNT reports another profit fall
-
POSTMAN
- SITE ADMINISTRATOR
- Posts: 32676
- Joined: 07 Aug 2006, 03:19
- Gender: Male
TNT reports another profit fall
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
-
sevenandseven
- Posts: 162
- Joined: 06 Aug 2007, 16:12
Re: TNT reports another profit fall
Would the profits fall have been even greater if it was not susidised by Royal Mail through down stream access? And why, now that the Dutch market has been opened up to competition, are Royal Mail not doing the same thing in Holland that TNT are doing over here? Perhaps growing the business takes too much effort and it is easier for inadequate management to operate a policy of slash and burn so typical of big companies in this country which has left all our major industries defunct or in the control of foreign companies.